Plans for a market in front of the shops in Longton are among ideas being considered to boost the village by South Ribble Council.
The borough council is to inject £125,000 into the village over the next two years, and has asked local residents and the Parish Council for suggestions.
If chosen, the market would be held in the village centre every month, selling local produce and crafts.
A parish council spokesman said: “As well as being a service to us in the parish it will draw in people from elsewhere to use our shops and increase the viability of local businesses, both around the centre and further along Liverpool Road.”
Other ideas which have been discussed include using the land around the library as a children’s woodland; more use of Grove Park for arts productions, and resurfacing Liverpool around its junction with Franklands.
A village committee is being set up under the chairmanship of Councillor Colin Coulton to consult with landowners, businesses and people around the village to develop these ideas and suggestions into firm plans.
When a plan is finalised, it will be put out to consultation.